SOLD JAN 21, 2025
RENTED MAY 23, 2025
701 Cottage Ave Indianapolis, IN 46203
Bates-Hendricks Neighborhood
--
Bed
--
Bath
1,396
Sq Ft
3,615
Sq Ft Lot
About This Home
As of January 2025Welcome to this beautifully renovated 3 bedroom, 2 bathroom duplex located in the vibrant and sought-after Bates-Hendricks neighborhood, just minutes from Downtown Indianapolis, the popular Fountain Square District and Eli Lilly!! This charming property offers a fantastic opportunity for homeowners and investors alike, with endless potential as a primary residence, Airbnb or mid-term rental. Whether you're looking to settle in or generate rental income, this home is move-in ready and versatile. One unit is rented $1992 section 8. One side vacant.
Last Agent to Sell the Property
La Terre Boutique Brokerage Email: cjenkinsmu@gmail.com License #RB15001563 Listed on: 09/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,478
Year Built
- Built in 1908
Home Design
- Duplex
Additional Features
- 2-Story Property
- 3,615 Sq Ft Lot
- Basement
Community Details
- South Park Subdivision
Listing and Financial Details
- Tax Lot 1068802
- Assessor Parcel Number 491113123053000101
- Seller Concessions Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2024
Closed on
Jan 21, 2025
Sold by
Reed Preston
Bought by
Pr Indiana Holdings Llc
Seller's Agent
Chris Jenkins
La Terre Boutique
Buyer's Agent
Peter Stewart
Keller Williams Indpls Metro N
List Price
$475,000
Sold Price
$429,400
Premium/Discount to List
-$45,600
-9.6%
Views
114
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,163
Avg. Annual Appreciation
-4.50%
Purchase Details
Closed on
May 30, 2024
Sold by
Aurum 2 Llc
Bought by
Hayes Ent Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,900
Interest Rate
7.1%
Mortgage Type
Construction
Purchase Details
Closed on
May 27, 2024
Sold by
Aurum 2 Llc
Bought by
Hayes Ent Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,900
Interest Rate
7.1%
Mortgage Type
Construction
Similar Homes in Indianapolis, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $429,400 | First American Title | |
| Warranty Deed | -- | Eagle Land Title | |
| Warranty Deed | -- | Eagle Land Title | |
| Warranty Deed | $250,000 | Eagle Land Title | |
| Warranty Deed | $250,000 | Eagle Land Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $382,900 | Construction | |
| Previous Owner | $382,900 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Rented | $1,445 | 0.0% | -- |
| 04/30/2025 04/30/25 | Under Contract | -- | -- | -- |
| 04/18/2025 04/18/25 | Price Changed | $1,445 | -3.3% | $1 / Sq Ft |
| 04/10/2025 04/10/25 | Price Changed | $1,495 | -6.3% | $1 / Sq Ft |
| 04/04/2025 04/04/25 | Price Changed | $1,595 | -11.4% | $1 / Sq Ft |
| 03/26/2025 03/26/25 | Price Changed | $1,800 | -9.8% | $1 / Sq Ft |
| 03/07/2025 03/07/25 | Price Changed | $1,995 | -4.8% | $1 / Sq Ft |
| 02/19/2025 02/19/25 | For Rent | $2,095 | 0.0% | -- |
| 01/21/2025 01/21/25 | Sold | $429,400 | -2.4% | $308 / Sq Ft |
| 12/18/2024 12/18/24 | Pending | -- | -- | -- |
| 11/16/2024 11/16/24 | Price Changed | $439,900 | -2.2% | $315 / Sq Ft |
| 10/07/2024 10/07/24 | Price Changed | $450,000 | 0.0% | $322 / Sq Ft |
| 10/02/2024 10/02/24 | Price Changed | $1,900 | -13.6% | -- |
| 10/02/2024 10/02/24 | Price Changed | $2,200 | +15.8% | -- |
| 10/01/2024 10/01/24 | For Rent | $1,900 | -24.0% | -- |
| 09/26/2024 09/26/24 | Price Changed | $2,500 | 0.0% | -- |
| 09/09/2024 09/09/24 | For Sale | $475,000 | -- | $340 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,638 | $197,100 | $34,900 | $162,200 |
| 2023 | $4,638 | $189,700 | $34,900 | $154,800 |
| 2022 | $4,615 | $189,700 | $34,900 | $154,800 |
| 2021 | $3,984 | $166,900 | $34,900 | $132,000 |
| 2020 | $3,639 | $151,500 | $34,900 | $116,600 |
| 2019 | $3,484 | $142,100 | $3,900 | $138,200 |
| 2018 | $3,150 | $126,900 | $3,900 | $123,000 |
| 2017 | $2,585 | $115,900 | $3,900 | $112,000 |
| 2016 | $2,301 | $104,900 | $3,900 | $101,000 |
| 2014 | $2,052 | $94,900 | $3,900 | $91,000 |
| 2013 | $1,973 | $94,900 | $3,900 | $91,000 |
Source: Public Records
Agents Affiliated with this Home
-
Maxwell Richter
Seller's Agent in 2025
Maxwell Richter
Wilmoth Group
(317) 842-3400
1 in this area
258 Total Sales
-
Chris Jenkins
Seller's Agent in 2025
Chris Jenkins
La Terre Boutique
(317) 285-8769
1 in this area
56 Total Sales
-
Peter Stewart
Buyer's Agent in 2025
Peter Stewart
Keller Williams Indpls Metro N
(317) 450-9202
9 in this area
434 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22000545
APN: 49-11-13-123-053.000-101
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